Fannie Mae has launched a lending program designed to incentivize borrowers to set aside units at encumbered properties as affordable The Sponsor-Initiated Affordability, or SIA, program is designed to increase the country's stock of housing units...
Dwight Capital has provided $35 million of financing against the 316-unit Golden Gate Townhomes in Stone Mountain, Ga, which is roughly 15 miles east of Atlanta The bridge loan allowed the property’s owner, an investor group known as Elul LLC,...
The $500 million of financing that Nightingale Properties and its venture partner, Wafra Capital Partners, had raised for the 12 million-square-foot 111 Wall St office building in Manhattan included $89 million of financing under the Commercial...
Multi Housing News Draper & Kramer has broken ground on Moda at The Hill, a 225-unit apartment complex in St Louis The property is being built at 2100 Boardman St, as part of an 11-acre community that the Downers Grove, Ill, developer is...
Dallas Business Journal A venture of Hines, Mitsui Fudosan America and McNair Interests has broken ground on a mixed-use complex in Dallas’ Uptown neighborhood The project is being developed on a 337-acre site at 3001 Maple Ave Plans call for...
San Fernando Valley Business Journal USA Properties Fund has broken ground on Terracina at Lancaster, a 264-unit apartment property in Lancaster, Calif, about 70 miles north of Los Angeles The Roseville, Calif, company expects the complex to be...
Swiss investment manager Mirabaud Group, represented by Exan Capital, has paid $15025 million, or nearly $477/sf, for Warren Corporate Center 100 and 200, a pair of office buildings with 315,086 square feet in Warren, NJ The buildings were purchased...
New York YIMBY Plans have been submitted for a proposed 63-story building at 41-47 West 57th St in Manhattan that would include 119 residential units, 158 hotel rooms and 10,212 square feet of space for a restaurant The site, which was purchased 10...
Washington Prime Group, which earlier this week filed for Chapter 11 bankruptcy protection, last month had added seven shopping malls to its list of non-core properties, bringing the number of malls in that category to nine Among the latest...
Philadelphia Business Journal Southern Land Co has proposed constructing a 329-unit apartment property in Philadelphia’s Northern Liberties section The building, at 418 Spring Garden St, will have 14,520 square feet of retail space and 89...
